Dragonfly Managing Partner: Missed Solana seed round in 2018, the worst investment mistake ever
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Golden Finance reported that Dragonfly managing partner Haseeb Qureshi posted on X platform: "I missed Solana's seed round investment for $0.04 in early 2018, which is equivalent to a 3,250-fold return at current prices. Solana was one of the first projects I came into contact with as a junior venture capital, when I wrote a memo for every missed deal. Now rereading this memo is simply an embarrassing pinnacle of junior venture capital. At that time, we were obsessed with the ‘Ethereum Killer’, consensus protocols, and what would replace EVM/eWASM. So, this is the unedited version (i.e. the memo it wrote) – the worst investment mistake ever.”